Counties Raising Local Income Tax RatePosted: Updated:
Three Indiana counties have announced increases in their county income tax rates. DeKalb, Hancock and Monroe Counties will begin assessing the new rates next week. September 25, 2014
INDIANAPOLIS, Ind. -- DeKalb, Hancock and Monroe counties have changed their county income tax rates. These changes take effect on Oct. 1, 2014.
The changes for DeKalb, Hancock and Monroe counties are as follows:
-DeKalb – The resident rate has increased from .015 to .02. The nonresident rate has decreased from .0075 to .005.
-Hancock – The resident rate has increased from .0165 to .017. The nonresident rate has increased from .0045 to .005.
-Monroe – The resident rate has increased from .0105 to .01095. The nonresident rate has increased from .002625 to .0027375.
Local income tax rates are established or adjusted by county officials and reported to the Indiana Department of Revenue, where they are cross-referenced to ensure they are supported by Indiana law.
The list of rates for all Indiana counties is available on the Indiana Department of Revenue’s website at http://in.gov/dor/reference/files/dn01.pdf. These rates affect businesses with employees who live or work in any of these counties and have income tax withholdings.